Are you contemplating the installation of solar panels in Goa and wondering how much it will cost? Look no further; we bring to you a breakdown of the cost of installing solar panels in Goa.
Types of Solar Panels:
Depending on what type of panel you settle for, the cost of installing solar panels in Goa can differ. There are three main types of solar panels: monocrystalline, polycrystalline and thin-film. Monocrystalline ones are the most efficient as well as durable but also expensive. The polycrystalline panels are not as efficient while being more affordable. On the other hand, thin film is sold at cheaper rates but has lower efficiency than others.
Cost for installation:
The installation costs for solar panels in Goa usually include panel cost, mounting hardware, inverters, wiring and labor. The entire installation could range from 40k – 60k INR per kW of installed PV capacity. This amount could vary depending on system size and any added features or upgrades that you opt for.
Government Incentives:
To promote solar energy use, the government provides several incentives including feed-in tariffs (FiTs), subsidies and grants upon purchase and installation of photovoltaic systems (PV). These incentives aid to cut down on costs related to buying and putting up these solar panels hence making it affordable to homeowners in Goa who would need them most for their houses . Net metering ,Solar rooftop subsidies , Tax saving benefits are among some of the incentives available in goa
Return on investment :
Although investment in solar power is relatively higher compared to other forms of electricity generation; one should think about long-term savings after having weighed their returns on investment (ROI). By using solar energy to generate your own electricity, you can reduce your monthly bills significantly while earning income by selling surplus electricity back into grid .In general terms therefore, the payback period of an average Goa resident is between 5 and 7 years.
Maintenance cost:
One of the advantages of solar panels is that they require minimal maintenance. However, it is recommended to have your solar panels inspected and serviced annually to ensure they are functioning optimally. Typically, maintenance costs for solar panels in Goa range from around 2k-5k INR per annum.
The cost of installing solar panels in Goa depends on several factors. Choosing the right type of panel, taking advantage of government incentives and thinking about long-term savings can all make renewable energy an affordable option for your home.